SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20006
FORM 8-KSB
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 16, 1999
ECB BANCORP, INC
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(Exact name of registrant as specified in its charter)
North Carolina 0-24753 56-2090738
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(State or other jurisdiction (Commission File (IRS Employer
of corporation) Number) Identification No.
35080 US 264
P. O. Box 337
Engelhard, North Carolina 27824
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(Address of principal executive offices)
Registrant's telephone number, including area code (252) 925-9411
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N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On June 16, 1999, ECB Bancorp, Inc., the holding company for The East
Carolina Bank announced the declaration of a quarterly dividend. A copy of the
Bank's press release is attached as Exhibit 99 to this Report.
Item 7. Exhibits
The following exhibits are attached to this Report:
Exhibit Number Description
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99 Copy of ECB Bancorp, Inc.'s June 16,
1999, press release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
ECB Bancorp, Inc.
By:/s/ Arthur H. Keeney, III
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Arthur H. Keeney, III
President and Chief Executive Officer
Dated: June 16, 1999
EXHIBIT 99
ECB BANCORP, INC. REPORTS DECLARATION
OF JUNE 30, 1999 QUARTERLY CASH DIVIDEND
ENGELHARD, NC - ECB Bancorp, Inc., the parent holding company of The East
Carolina Bank, announces that on June 16, 1999, the Corporation's Board of
Directors declared a quarterly cash dividend of $.0725 per share, payable July
15, 1999 to shareholders of record on June 30, 1999.
The dividend payment represents a 13.7% increase over the equivalent quarterly
rate in 1998. The 1998 annual dividend was $.255 per share. Historically, the
Company has paid its dividends on an annual basis. In 1999, ECB Bancorp switched
the payment of its dividends to a quarterly basis. The 1999 annual dividend is
estimated to be $.29 per share.
ECB's newest full service branch office at 1422 Carolina Avenue (Rt. 17) in
Washington held its grand opening on Wednesday, June 9, 1999. Headquartered in
Engelhard, NC, The East Carolina Bank is a state-chartered independent community
bank insured by the FDIC. The Bank provides a full range of financial services
through 15 offices in eastern North Carolina.
ECB Bancorp, Inc.'s common stock is currently listed on Nasdaq's SmallCap Market
under the symbol "ECBE".
